Composition of board
HRS §88-24
in effect88-24. Composition of board
The board of trustees shall consist of eight members as follows:
(1) The director of finance of the State, ex officio;
(2) Four members of the system, two of whom shall be
general employees, one of whom shall be a teacher, and one of whom shall be a
retirant to be elected by the members and retirants of the system under rules
adopted by the board governing the election to serve for terms of six years
each, one of the terms to expire on January 1 of each even-numbered year;
provided that, if after the close of filing of petitions for candidacy, a
member is unopposed for election to a trustee position, the member shall be
deemed and declared to be duly and legally elected to the position of trustee
without an election; and
(3) Three citizens of the State who are not
employees, two of whom shall have at least three years of experience providing
financial services, including investments, to public, corporate, or private
institutional clients, to be appointed by the governor, with the advice and
consent of the senate, to serve for a term of six years each, one of the terms
to expire January 1 of each odd-numbered year.
Each trustee shall serve until the trustee's
successor is elected or appointed, as the case may be, and qualified. For the
purpose of this section, the term "general employees" includes police
officers and firefighters.
[L 1925, c 55, §5(2); RL 1935, pt of §7924; RL 1945,
pt of §707; am L 1947, c 85, §1(b); am L 1951, c 93, §1; RL 1955, §6-61; am L
Sp 1959 2d, c 1, §14; am L 1963, c 114, §1; HRS §88-24; am L 1969, c 110, pt of
§1; am L 1978, c 83, §1; am L 1982, c 165, §2(2); gen ch 1985; am L 1990, c
142, §1; am L 1993, c 349, §1; am L 2012, c 72, §1]
Source: Hawaii State Legislature (capitol.hawaii.gov), via Internet Archive capturesURL: http://www.capitol.hawaii.gov/hrscurrent/Vol02_Ch0046-0115/HRS0088/HRS_0088-0024.htmFetched: 11/10/2026